Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Can you tell me the status of my 100 share investment made…

Customer Question
Can you tell me the...
Can you tell me the status of my 100 share investment made in R G S Energy Group through EquiServe that was located in Providence, R.I.? My last statement was dated 09/28/01.
Submitted: 3 years ago.Category: Finance
Show More
Show Less
Ask Your Own Finance Question
Answered in 19 minutes by:
5/20/2015
Financial Professional: Lane, JD, CFP, MBA, CRPS replied 3 years ago
Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 14,448
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Verified
Hi,
Residential Energy Group (RGSE) is currently trading at 2.61 per share.
You can reach their Investor Relations Department at:(###) ###-####
They made the strategic decision to exit their Large Commercial business segment. The results of the segment for all periods are presented as discontinued operations, while the company’s continuing operations are primarily composed of its residential and Sunetric business segments.
As previously announced, during the fourth quarter, the company divested its retail and catalog business which is included in continuing operations for the quarter.
THis resulted in positive cash inflows for the 4th quarter (First three quarters were negative)
In the fourth quarter of 2014, net revenue from continuing operations increased 2.0% to $18.4 million over the same year-ago quarter.
Here's the Management's Commentary from the most recent 10-K (Annual Report)
“The fourth quarter presented unique cash management challenges that we successfully met,” stated Dennis Lacey, RGS Energy’s CEO. “During the quarter, we did not burn cash. In fact, we generated a cash inflow from operations of $0.6 million as compared to an average quarterly cash burn of roughly $10 million for the first nine months of 2014.
Furthermore, as recently announced,we entered into an arrangement with CentroSolar to facilitate installation of our East Coast backlog and arranged for $11.5 million of new financial capital.
At the same time we have renewed our bank facility for the ensuing 12 months, and we have recently restructured our operations to significantly reduce the fixed cash operating expenses of the company so we can operate more profitably in the future. In brief, we have significantly strengthened the financial position of the company and restructured for improved operating results. We are encouraged by the progress we are making in turning around RGS’ business.”
Here's a link to their annual report:
http://rgsenergy.com/pdf/RGSE_Earnings_Release_2014_Q4.pdf?page=1
Let me know if you need more
Lane
Ask Your Own Finance Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a financial professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Lane Your Own Question
Lane
Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 14,448
14,448 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

Lane is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I currently have an S-Corp for crypto currency investing
I currently have an S-Corp for crypto currency investing purposes, Can I sell my personal coins/ tokens to my S-Corp? … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I have three questions here.. my dad is 62 years old, has
Okay so I have three questions here.. my dad is 62 years old, has been working in the US (Bay Area) since 2005, a citizen since 3 years. He broke his 401k of around 100k last year to buy a senior-citi… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
What does ULL mean in the line of money lending. Is this a
What does ULL mean in the line of money lending. Is this a list of property held in a county or sheriff's office for pick up if a person doesn't pay? I had a lender who would do this every time I borr… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
This is more of a question regarding financial advice.. I'm
Hello, This is more of a question regarding financial advice..I'm 61 yrs.of age. I live in PA. I plan on retiring at or before 65. I currently own 2 single family homes in MO. I did a complete remodel… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I have rental property 8 small units. Have been allowing
I have rental property 8 small units. Have been allowing tenant to help with managing the property and doing small repairs. For this they live rent free. Approx $675/month. Rent payments are made dire… read more
Lane
Lane
JD, CFP, MBA, CRPS
14,448 satisfied customers
I actually just have an accounting question. Not tax
Hello, I actually just have an accounting question. Not tax related. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,283 satisfied customers
Can I process a loan without stepping into a banking using
Can I process a loan without stepping into a banking hall using my home? or can I get a car loan financing without stepping into an office?… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
358 satisfied customers
I own an S-corp, incorporated in Florida. I have had it
Hi. I own an S-corp, incorporated in Florida. I have had it since October 2017. It has been dormant since then as I have a full time job on a W2. I started it as I expected to use it some time this ye… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,283 satisfied customers
We have several credit cards that are all 'charged off'.
We have several credit cards that are all 'charged off'. some have been placed in collections, some have been sold. What is the best route to take to remove any further damage to our credit. Is it sti… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
I am trying to complete a loan assumption and I have some
I am trying to complete a loan assumption and I have some questions about the financial numbers and the complication of a third party loan … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
If I deed house my to my children while I am alive how will
If I deed house my to my children while I am alive how will this affect their basis upon sale? … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
For the tax Accountant: How does a New York Corporation pay
For the tax Accountant: How does a New York Corporation pay 2nd quarter payroll taxes to the IRS and to NYS… read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
I forgot about my child's UTMA account and did not transfer
I forgot about my child's UTMA account and did not transfer it when she reached majority. She is now 27. What can I do. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I work for a corporation who wants to purchase a vehicle for
I work for a corporation who wants to purchase a vehicle for an employee to drive in lieu of compensation. What are the tax implications for the employer and employee. Mainly the employer. the employe… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I am a farmer and I need a quick loan on some assets. What I
Hi ! I am a farmer and I need a quick loan on some assets. What I want is to take a 6mth-1 yr loan on a couple of tractors that have no lien on them. For the terms of the loan I want a 6 mth to 1 yr l… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I paid off a home equity loan 12 years ago on my home and I
I paid off a home equity loan 12 years ago on my home and I need to know where to go to find verification of this. I don't remember who the loan company was or have any records.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,283 satisfied customers
I need a real international tax expert. I have been visiting
I need a real international tax expert. I have been visiting USA on a non immigrant visa for years, and spend time there visiting my wife. I have had no US sourced income during this time. This year, … read more
taxmanrog
taxmanrog
Master\u0027s Degree
975 satisfied customers
I am going to sell some business equipment and owner finance
I am going to sell some business equipment and owner finance it. I will keep title to it until paid (3 years). Who can claim depreciation on it for those three years?… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x